HomeMy WebLinkAbout032010 ORD - 01/28/2020 •
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Ordinance approving the Second Amended and Restated Stadium Lease
Agreement with Corpus Christi Baseball Club, LP; appropriating funds in the
amount of $2,000,000.00 from the Business and Job Development Fund to
match a $1,000,000 allocation by Corpus Christi Baseball Club, LP, for
improvements to Whataburger Field; and amending the operating and capital
budget.
Be it ordained by the City Council of the City of Corpus Christi, Texas:
SECTION 1. That$2,000,000.00 from the unreserved fund balance in the Fund No. 1140
Business/Job Development Fund is appropriated for the FY 2020 contribution to capital
repairs at the Baseball Stadium as laid out in the Second Amended and Restated Stadium
Lease Agreement, to provide a match to the $1,000,000.00 in capital repairs funded by
Corpus Christi Baseball Club, LP.
SECTION 2. That Ordinance No. 031870, which adopted the FY 2019-2020 Operating
and Capital Budget, is amended to increase proposed expenditures in the No. 1140
Business/Job Development Fund by$2,000,000.00 for the FY 2020 contribution to capital
repairs at the Baseball Stadium.
SECTION 3. That the City Manager or designee is authorized to execute the Second
Amended and Restated Stadium Lease Agreement with Corpus Christi Baseball Club, LP.
This ordinance takes effect upon City Council approval on this the -day of
3a voa , 2020.
ATTEST: THE CITY OF CORPUS CHRISTI
G'l�I/1/(Z Vvt.
Reb cca Huerta J cComb
City Secretary yo
032010
SCANNED
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That the foregoing ordinance was read for the first time and passed to its second
reading on this the ; Sr----- day of jatitivca,,-y, 2020, by the following vote:
Joe McComb
AI< Michael Hunter 4",<
Roland Barrera A Ben Molina ,/L
Rudy Garza Ori, _ Everett Roy A/
Paulette M. Guajardo /:----(/ Greg Smith 47,E
Gil Hernandez 4-(Pz
That the foregoing ordinance was read for the second time and passed finally on this
the -day of 2020, by the following vote:
Joe McComb /-,7 rz Michael Hunter
Roland Barrera /4-'7&- Ben Molina ,Ir
Rudy Garza ,z Everett Roy .1 -
Paulette M. Guajardo ,i`z--- _ Greg Smith
Gil Hernandez A
PASSED AND APPROVED on this the me-day of Ta n va✓ , 2020.
ATTEST:
Rebecca Huerta Jo cComb
City Secretary M r
032010
CITY OF CORPUS CHRISTI
CERTIFICATION OF FUNDS
(City Charter Article IV, Sections 7 & 8)
I, the Director of Financial Services of the City of Corpus Christi, Texas (or his/her duly
authorized representative), hereby certify to the City Council and other appropriate officers that
the money required for the current fiscal year's portion of the contract, agreement, obligation
or expenditure described below is in the Treasury to the credit of the Fund specified below, from
which it is to be drawn, and has not been appropriated for any other purpose. Future payments
are subject to annual appropriation by the City Council.
City Council Action Date: January 28, 2020 Legistar Number: 20-0025
Agenda Item:
Ordinance approving the Second Amended and Restated Stadium Lease Agreement with
Corpus Christi Baseball Club, LP; appropriating funds in the amount of $2,000,000.00 from the
Business and Job Development Fund to match a $1,000,000 allocation by Corpus Christi
Baseball Club, LP, for improvements to Whataburger Field; and amending the operating and
capital budget.
Amount Required: $2,000,000
Fund Name Accounting Unit Account Activity No. Amount
N .
Baseball stadium 1140-13826-734 530000 I $2,000,000
Total $2,000,000
❑ Certification Not Required //1I eiV)71" --2--
kt.Vi.,LA,--1:,
Director of Financial Services
Date: / ( ����